Resignation of Director (6773K)

TIDMHLS

RNS Number : 6773K

Helesi PLC

19 July 2011

19 July 2011

Helesi PLC

("Helesi", "the Group" or "the Company")

Resignation of Director

The Board of Helesi (AIM: HLS) announces the resignation, with immediate effect, of Ioannis Riskakis, an Executive Director. Mr Riskakis has worked for the Company since 1995 and since 2001 has been Director of Helesi's Waste Management Vehicles and Equipment division, a position that he retains.

The Board would like to thank Ioannis for his contribution to its deliberations and is pleased that he will remain with the Group.

For further information please visit www.helesi.com or contact:

 
 Helesi PLC                                + 30 22990 82700 
 Sakis Andrianopoulos, Chief Executive, 
 Ioannis Tolias, Finance Director          [e-mail] 
 
 Panmure Gordon                            [phone] 
 Andrew Godber 
  Katherine Roe 
 
 Tavistock Communications                  + 44 (0) 20 7920 3150 
 Simon Hudson                              [e-mail] 
 Lydia Eades                               [e-mail] 
 

About Helesi

Helesi is a specialist designer and manufacturer of plastic products mainly for use in the waste management industry and a provider of waste management services. Its activities comprise:

-- the design and manufacture of plastic waste containers including 2 and 4 wheeled bins, pre-sorting bins and the full range of EN 840 standard containers;

-- the provision of waste management services (waste collection, container washing, street sweeping and recyclable materials collection).

-- the design and manufacture of material handling plastic products (pallet boxes and crates) for agricultural, domestic and industrial use and other injection-moulding plastic products such as fish crates, and stadium seats;

-- the supply of special vehicles and equipment for the waste management industry; and

-- the recycling of used tyres

Demand for Helesi's products and services in developed waste management markets is driven by increasingly stringent regulation on waste management and recycling. Growing demand is also being experienced in developing countries, which are looking to establish centralised and orderly waste management services. Helesi has developed a strong market position in both the developed waste management markets of Western Europe as well as in the high growth markets of South-eastern Europe, the Mediterranean and the Middle East. With sales in 52 countries, the Company derives more than 70% of its waste container revenue internationally.

This information is provided by RNS

The company news service from the London Stock Exchange

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